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FINANCIAL NEWS
Dubai consumer elects market to grow by 4.7pct
17 Oct 2016
(MENAFN) Dubai consumer elects market is predicted to grow at 4.7 percent in the coming 4 years to surpass USD3bn by 2020.
Additionally, the portable consumer elects sub-category is also projected to keep its lead with a 2020 sales forecast of USD1.27bn.
Furthermore, computers and peripherals sub-category will retain its size at USD937mn, while in-home consumer elect will gain traction to reach USD900mn.
Meanwhile, the resilience in the market is attributed to solid fundamentals that include rising population and incomes together with steady influx of tourists to the emirate.
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